How much is a league-switch worth? According to this story in the New York Post, Jim Crane thinks it’s worth $50 million:
Potential Houston Astros owner Jim Crane is looking to cut $50 million from the purchase price of the team in exchange for the Astros switching leagues, The Post has learned … Sources told The Post that Crane — who reached a deal in May to buy the Astros from Drayton McLane for $680 million — is asking for a price reduction in the $50 million range to make the move.
Apparently this is a reasonable enough demand to where MLB is negotiating with him on it and “they’re in the ballpark.”
Things that justify some discount, I presume, are the later games the Astros will have to play due to trips to Anaheim, Oakland and Seattle as opposed to the almost-entirely central time zone schedule they have in the NL Central. Of course the novelty of new competition and the new rivalry with the Rangers may very well add to the coffers in the short term.
Everything it negotiable, it seems.
Jon Heyman has been hot on the free agent trail today, reporting that the Padres have made offers both Manny Machado and Bryce Harper. The offer to Machado is believed to be for eight years and about $250 million, while the offer to Harper is believed to be for more than that.
Heyman was reporting on Harper earlier, tweeting that the Phillies are the favorite to sign him. He added this evening that Harper has multiple long-term offers at more than $30 million annually. Regarding Machado, Heyman noted that while Machado was believed to have had a preference for the East coast, he will go for the best deal now, which puts the Padres firmly in the picture.
The Padres reportedly met with Machado last week. A late entrant into the sweepstakes, the club has shown the willingness to spend, signing Eric Hosmer to an eight-year, $144 million contract last year. If he goes to San Diego, Machado would be the full-time third baseman with Luis Urias handling shortstop.
Nothing appears close, but we’ll take anything resembling a spark to light the hot stove.